An introduction to an old acquaintance: using Bayesian inference in sales research

Given the scant attention paid to Bayesian inference in the academic sales literature, researchers could be forgiven for believing that frequentist methods provide the only feasible way for sales researchers to derive important insights for both theory and practice. The purpose of this research is to demonstrate that this belief overlooks the considerable value that Bayesian inference can provide to sales theory and practice. In so doing, we...